PROBABLY WOULD COST $5-$10 BILLION PER YEAR DEPENDING ON WHAT FEE RATE THEY CHOOSE TO DEFEND.
THAT MONEY WOULD GO STRAIGHT INTO MORE MINING INFRASTRUCTURE. NOT A BAD DEAL.
Discussion
MY THOUGHTS EXACTLY. THEY WOULD ONLY BE ABLE TO DEFEND AS LONG AS THEY REMAIN SOLVENT PAYING HIGH ENOUGH FEES TO OUTBID ALL OTHER TRANSACTIONS.
NOT LIKE THEY CAN CONTINUALLY PRINT MORE BTC TO PAY FOR THEIR EVER INCREASING FEES.
when you have thermodynamic money, trying to find attacks is like trying to violate the law of conservation of energy.
and in bitcoin which means the state needs to buy the corn and can't sell it
The state subsidy must be offset by taxes at least to the level of the fee premium to censor.
https://github.com/libbitcoin/libbitcoin-system/wiki/Censorship-Resistance-Property
They’d likely need more like $15-$30B annually to be able to allocate $5-$10B per year due to the multiple layers of bureaucratic “skimming” of the funds before it reaches the final destination.